October 25, 2011

The Morning Wrap

Cleaning Up: The New York Timesexplores how the new Libyan government has handled accusations of atrocities committed by its fighters. The Transitional National Council is investigating former dictator Moammar Gaddhafi's death, but other sites of conflict have been cleaned up without inquiry.

Holy Mess: A Prince George's County, Md., judge issued a ruling yesterday in the legal fight between leaders of one of the largest churches in the region, Jericho City of Praise. The Washington Post reports that the court found that the son of the ministry's co-founder had no legal authority over church affairs.

'Dark Pools': The Wall Street Journalreports on the SEC's first enforcement action against a so-called "dark pool," a private market where large chunks of stock are bought and sold anonymously. A firm agreed to pay a $1.2 million fine to settle charges that they had withheld information on these private market trades.

CLOs Have Problems, Too:Corporate Counsel analyzes the findings of a recent survey of chief legal officers, who reported that one of their biggest problems was making sure they were aware of in-house communications.

Looting: Major League Baseball, in court filings, has accused Dodgers owner Frank McCourt of "looting" more than $189 million from the team. The Los Angeles Times has more on filings in the Dodgers' bankruptcy proceedings.